WAIKIKI SURF CLUB (EIN 990323195) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1948

Legal Domicile

Principal Officer

Luana Froiseth

Phone

8087322719

Tax Period

2024-01-01 to 2024-12-31

WAIKIKI SURF CLUB, founded in 1948, is a micro nonprofit in the Education sector that reported $66K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Net assets of $778K represent 142 months of operating reserves.

Mission

Perpetuate the sport of Hawaiian canoe racing

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $29,988

Program Service Revenue $0

Investment Income $5,800

Other Revenue $29,984

TOTAL REVENUE $65,772

Expense Breakdown

Grants Paid $1,619

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $60,099

Other Expenses $20,328

TOTAL EXPENSES $68,144

Year-over-Year Comparison

	2024	2023	Change
Revenue	$65,772	$83,766	-0.2%
Expenses	$68,144	$87,178	-0.2%
Net Income	$-2,372	$-3,412	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✓ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✓ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Luana Froiseth	President	5	Officer Director	$0	$0	$0
Margaret Heine	Vice President	1	Officer Director	$0	$0	$0
Glenell Choy	Secretary	1	Officer Director	$0	$0	$0
Margaret Gora	Treasurer	7	Officer Director	$0	$0	$0
Tia Ikeno	Director	2	Director	$0	$0	$0
Violet Nelson	Director	2	Director	$0	$0	$0
Karlen Porter	Director	1	Director	$0	$0	$0
Kevin Vegas	Director	1	Director	$0	$0	$0
Kelly Gonsalves	Director	1	Director	$0	$0	$0
Antoinette Freitas	Director	2	Director	$0	$0	$0
Kim Koprincz	Director	1	Director	$0	$0	$0
Gerald Andrade	Director	2.00	Director	$0	$0	$0
Danielle DeFries	Director	1	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$65,772	$68,144	$777,987	$-2,372
2023	$83,766	$87,178	$634,274	$-3,412
2022	$45,745	$43,948	$812,127	$1,797
2021	$21,151	$14,983	$886,722	$6,168
2020	$14,975	$27,891	$797,599	$-12,916

WAIKIKI SURF CLUB